What is a revaluation?

The Valuation Office Agency regularly reassess and update the rateable values of all business properties usually every five years. This is called a Revaluation. This is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall.

For more information on the 2017 Revaluation, rateable values, and business rates go to www.gov.uk.

You can also estimate your business rates bill, including any small business rate relief the council may apply.

Last Modified: 05/12/2018
For more information contact:

Business Rates

Tel: 01495 766125

Email: revenues@torfaen.gov.uk

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